Technology

Ex-Head of FinCEN Become Legal Advisor to Libra Association

The Libra Association has appointed Robert Werner, former Director of the Monetary Crimes Enforcement Community (FinCEN), because the Basic Counsel.

Earlier, Werner additionally headed the US Division of the Treasury's Workplace of Overseas Property Management (OFAC). He has expertise in regulatory compliance in the private and non-private sectors. Werner additionally held senior positions at HSBC and Goldman Sachs.

Recall that originally of this month, the pinnacle of the Libra Association was the previous Deputy Secretary of the Treasury for Terrorism and Monetary Safety of america, Stuart Levy.

Not too long ago, the Libra Association joined the most important funding firm in Asia Temasek and two enterprise firms with a deal with the cryptocurrency house Gradual Ventures and Paradigm.

Final month, the Association launched an up to date whitepaper. In accordance to the doc, as a substitute of one digital foreign money, a set of stablecoins might be issued, supported by completely different fiat currencies.

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